So Chen founded NewRetirement, a Mill Valley-based company building software to help people create financial retirement plans.
Today, NewRetirement’s direct-to-consumer products power financial planning for 70,000 users managing close to $100 billion in their own financial plans, according to Chen.
And while 37% of respondents say that they work with a financial adviser, two-thirds of Americans believe that their financial planning needs improvement, according to Northwestern Mutual’s Planning and Progress Study 2023.
Now, you might wonder, what makes NewRetirement different from startups like Retirable, which similarly provides an array of retirement planning tools and access to asset managers?
Chen asserts that NewRetirement is one of the few — and perhaps only — financial planning platform that serves consumers as well as advisers and workplaces.
The U.S. government announced Tuesday sanctions against the founder of the notorious spyware company Intellexa and one of his business partners.
This is the first time the U.S. government has targeted specific people, in addition to companies, with sanctions related to the misuse of commercial spyware.
These sanctions will impact Dilian and Hamou specifically, but they will also send a message to other people involved in the spyware industry.
“If I’m a mercenary spyware company, I should be getting really worried,” added Scott-Railton.
And earlier this year, the U.S. government announced that the State Department could impose visa restrictions to people believed to have been involved or facilitated the abuse of commercial spyware around the world.
The U.S. National Security Agency is buying vast amounts of commercially available web browsing data on Americans without a warrant, according to the agency’s outgoing director.
The NSA did not say from which providers it buys commercially available internet records.
Previous reporting shows the Defense Intelligence Agency bought access to a commercial database containing Americans’ location data in 2021 without a warrant.
A week later, the FTC brought similar action against InMarket, another data broker, saying the company did not obtain users’ explicit consent before collecting their location data, and banned the data broker from selling consumers’ precise location data.
When reached by email, NSA spokesperson Eddie Bennett confirmed the NSA collects commercially available internet netflow data, but declined to clarify or comment on Nakasone’s remarks.
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